Moving Averages
SIMPLE EXP. WEIGHTED
MA (5) 15.082 15.190 15.083
MA (10) 15.546 15.424 15.310
MA (20) 15.836 15.682 15.639
MA (50) 15.989 15.892 15.914
MA (100) 15.821 16.116 15.892
MA (200) 16.747 16.747 16.252
Thread: Oil
Moving Averages
SIMPLE EXP. WEIGHTED
MA (5) 15.082 15.190 15.083
MA (10) 15.546 15.424 15.310
MA (20) 15.836 15.682 15.639
MA (50) 15.989 15.892 15.914
MA (100) 15.821 16.116 15.892
MA (200) 16.747 16.747 16.252
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Today the market is close and it will open on Monday
So by checking the all routine of the chart I think that tomorrow the market of oil will move in down way so I suggested that tomorrow we should choose the option of sell for trading
Hope you will follow me and will get more money because I posted this after checking the market carefully Good luck my friend .
My all best wishes are with you.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Oil Technical analysis
Level of Resistance
1/ Resistance 67.73
2/ Resistance 67.49
3/ Resistance 67.26
Level of Support
1/ Support 66.31
2/ Support 66.27
3/ Support 66.05
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Oil Resistance and Supporting
Resistance 1 - 58.63
Resistance 2 - 58.85
Resistance 3 - 58.96
Supporting 1 - 57.25
Supporting 2 - 57.21
Supporting 3 - 57.14
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OIL market technical analysis
market trend is going bullish
market price = 52.06
Resistance levels
the market could break the first resistance at =52.15
the market could break the second resistance level at =52.25
the market could break the third resistance level at =52.35
Support levels
the market could break the first support levels at =51.87
the market could break the second support level at =51.77
the market could break the third support level at =51.69
*****$Good buy*****
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
OIL market technical analysis
market trend is going bullish
market price = 52.06
Resistance levels
the market could break the first resistance at =52.15
the market could break the second resistance level at =52.25
the market could break the third resistance level at =52.35
Support levels
the market could break the first support levels at =51.87
the market could break the second support level at =51.77
the market could break the third support level at =51.69
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Oil
Current price:58.54
pivot point :60.02
Moving average:sell
volume Oscillator:sell
Resistance level of this pair is:
1# Resistance is: 58.67
2# Resistance is: 58.71
3# Resistance is: 58.85
Supporting level of this pair is :
1# Supporting is: 58.41
2# Supporting is: 58.20
3# Supporting is: 58.04
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Outages or maintenance in key refineries around the globe, whether it’s the Forties pipeline in the North Sea or the Port Arthur refinery in Texas, must be monitored because of the effect it can have on the supply of oil. War in the Middle East leads to concerns about supply. For example, when the Libyan Civil war began in 2011, prices had seen a 25% rise from in the space of a couple of months.
OPEC (Organization of the Petroleum Exporting Countries) production cuts or extensions lead to changes in the price of oil. For example, back in 2016 when the cartel had announced their decision to curb global supply by 1.9%, the price of oil has risen from $44/bbl to as much as $80/bbl.
Oil Suppliers: Similarly, with understanding the importance of OPEC, it is also worth knowing who the top global oil suppliers are.
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*Support and Resistance
Support 1:58.98
Support 2:59.05
Support 3:59.10
Resistance 1:58.86
Resistance 2:58.81
Resistance 3:58.74
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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